Cheap Car Insurance for Real Estate Agents in Alabama

The vehicle that is being insured is one of the largest considerations when shopping for the most economical insurance for real estate agents. Vehicles with lots of horsepower, a lack of modern safety features, or a track record of large liability claims will cost more to insure than more modest models. The next table illustrates auto insurance premiums for some of the cheaper vehicles to insure.

Premium data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Alabama minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, claim-free, and safe-driver. Rate information does not factor in specific location which can alter rates greatly.

Looking at the data, models like the Honda Accord, Ford Escape, and Chevrolet Traverse should be some of the most budget-friendly vehicles to insure for realtors.

For realtors, one of the more important criteria used to calculate car insurance rates is where you keep your car. Areas that are densely populated or have higher claim frequency like Birmingham, Mobile, and Homewood are more likely to have higher rates, whereas areas with less congestion tend to receive slightly lower rates.

The next table rates the most costly cities in Alabama for real estate agents to purchase car insurance in.

Premium amounts are approximated as the specific area where the vehicle is garaged can revise coverage prices significantly.

Finding dependable, cost effective car insurance is difficult, and figuring out which companies offer the most affordable insurance rates for real estate agents involves even more rate comparisons. Each insurance company has a different process for determining rates in each state, so let’s take a look at the overall cheapest insurance companies in Alabama.

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Travelers normally has some of the lowest car insurance rates in Alabama at around $791 annually. Cincinnati Insurance, USAA, GEICO, and Country also rank well as some of the lowest-priced Alabama auto insurance companies.

In the above rates, if you have coverage with Cincinnati Insurance and switched to Travelers, you might realize savings of roughly $45. Drivers with USAA may save as much as $113 a year, and GEICO policyholders might lower prices by $259 a year.

These rates are averaged across all types of drivers and the different vehicles they drive and are not factoring in a price discount for real estate agents. So the car insurance company that has the lowest price for you may not even be shown in the list of companies shown earlier. That illustrates why you need to get car insurance quotes using your own personalized driver profile and vehicle information.

Accidents and violations increase rates

The recommended way to obtain the most affordable insurance prices for realtors is to be an attentive driver and avoid tickets and accidents. The information below shows how violations and at-fault fender-benders raise car insurance rates for different age groups of insureds. The prices are based on a single male driver, comprehensive and collision coverage, $100 deductibles, and no additional discounts are factored in.

The data in the chart shows the average cost of auto insurance in Alabama per year with no accidents and a clean driving record is $2,590. Get written up for two speeding tickets and the average cost rises to $3,438, an increase of $848 each year. Now get two accidents along with the two speeding tickets and the 12-month cost of insurance for real estate agents goes up to an average of $6,483. That’s an increase of $3,892, or $324 per month, just for not driving responsibly!

Alabama insurance companies

Insuring your vehicle with the right company can be challenging considering how many companies sell coverage in Alabama. The ranking information in the next section can help you decide which insurers to look at comparing rates with.

These rankings are for companies with a national presence, so companies that have a smaller presence are not included in these rankings. To get rate quotes from these companies and more, just click here.

Top 10 Major Car Insurance Companies in Alabama Ranked by Value

1. Travelers
2. American Family
3. AAA Insurance
4. Safeco Insurance
5. Progressive
6. The Hartford
7. The General
8. 21st Century
9. Esurance
10. Titan Insurance

Cheapest car insurance: State Farm, Geico, Progressive, or Allstate

If you are shopping around for auto insurance for realtors in Alabama, four companies to definitely compare rates with are State Farm, Geico, Progressive, and Allstate. The data below rates pricing and service ratings, as well as optional policy coverages that are available from each company.

Cheapest insurance quotes for realtors

Consumers have many ways to quote insurance rates in Alabama, but the most prevalent methods are using an independent insurance agent, a captive (or exclusive) agency like State Farm or Liberty Mutual, or from a direct company like Progressive.

They all have the same basic principle, but it’s important to understand the differences in how they work.

Independent insurance agencies can place your business with multiple companies and can get rate quotes from every one. These agents will provide you with more rates, which can help you get a better comparison. If premiums increase, they simply move the coverage in-house and you won’t have to switch agencies.

A captive, or exclusive, agent is contracted to one insurance company, for example an Auto-Owners or Allstate agent. These agents usually cannot provide rate quotes from other companies, which requires you to shop around.

Direct insurance buyers do not use an independent or exclusive agent and instead buy direct online or over the phone from a company like Progressive or Esurance. Shopping direct can be a good choice for families who do not need high amounts of coverage and have an above average understanding of what insurance covers and what it doesn’t.

Which method is best to find cheap car insurance for real estate agents in Alabama? Most people assume that buying from a direct car insurance company results in the best prices because there are no middleman commissions, but unfortunately, it’s not that cut and dried. It could also be said buying from an independent agent is the best way to go because you have more choices, but again, that’s not accurate. For the right applicant, the exclusive agents have very competitive rates that are the lowest in Alabama.

Since insurance prices vary so much, the one way to not overpay for insurance is to get rate quotes and compare. To find the best rates, be sure to get rate quotes from all three to have a good selection of rates to choose from. We compiled a list of companies with some of the cheapest online rates that you can click here to view.